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UK drug price rises ‘necessary’, says Lord Patrick Vallance
The price the NHS pays for medicines will need to rise to stop a wave of pharmaceutical investment leaving the UK, science minister Patrick Vallance has said. His comments follow several recent announcements from some of the world’s largest drug companies either pausing or scrapping UK projects. Critics in the sector say low prices for…
UK economy grew by 0.3% in November, beating forecasts
Rachel ClunBusiness reporter Getty Images UK car manufacturing recovered in November The UK economy grew by a faster-than-expected 0.3% in November after car production rebounded and the services sector got a boost. Growth was driven by an increase in industrial output, the Office for National Statistics (ONS) said, helped by the return to production at…
Walmart becomes first retailer to hit $1tn market value
Walmart is the biggest brick-and-mortar retailer in the US and is known for its low prices. It has benefited from a trend of higher earners trading down to lower-priced items, as the jobs market cools and inflation persists. Its speedy home delivery offering has also enticed shoppers from households across income brackets.
